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Date
01 December 2005
Title
Disposal of 203 pubs to Admiral Taverns
Press Release
Punch Taverns plc announces the sale of 203 pubs to Admiral Taverns (Harmony) Limited for a total cash consideration of £40m. The sale is expected to complete on the 14th December.

This sale is in line with the Company's stated intention to improve the overall quality of the estate by the disposal of non core pubs that do not fit its long term strategy.

1 December 2005

Enquiries

Punch Taverns plc         Tel: 020 7868 8903
Giles Thorley, Chief Executive
Robert McDonald, Finance Director
College Hill Tel: 020 7457 2020
Justine Warren
Matthew Smallwood
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